Monographs/Information Papers
Published Date: 09 November 2021

A Retail Central Bank Digital Currency (CBDC): Economic Considerations in the Singapore Context

A retail CBDC is one of the options for the future of money and payments that the central bank community is exploring. This paper sets out MAS’ initial assessment of the economic case for a retail CBDC in Singapore and its potential implications for financial stability and monetary policy.
Find out more about MAS' CBDC research and technical projects.